Author: pjanisch

“The main thing that I learned about conspiracy theory is that conspiracy theorists believe in a conspiracy because that is more comforting. The truth of the world is that it is actually chaotic. The truth is that it is not The Illuminati, or The Jewish Banking Conspiracy, or the Gray Alien Theory. The truth is far more frightening – Nobody is in control. The world is rudderless.” – Alan Moore

Alan Moore, the renowned graphic novel writer, and author of the dystopian classic V for Vendetta, politically identifies as an anarchist. His view that all political states are an outgrowth of anarchy, with the biggest gang taking control and dictating how things will be run, is manifested in V for Vendetta. As an anarchist, you can understand why he is doubtful of conspiracy theories and an all-powerful entity controlling the world. He believes in a chaotic world competing gangs position themselves to gain power and control.
“We live in a badly developed anarchist situation in which the biggest gang has taken over and have declared that it is not an anarchist situation – that it is a capitalist or a communist situation. But I tend to think that anarchy is the most natural form of politics for a human being to actually practice.”- Alan Moore
The Guy Fawkes mask from V for Vendetta has been adopted by anarchist groups around the world, including: Anonymous, WikiLeaks, and the Occupy protestors. Moore’s positive view of the Occupy movement was based on his belief ordinary people had the right to reclaim what had been taken from them by criminal bankers. The initial impetus for the Occupy protests was the destruction of Main Street USA by Wall Street sociopaths, who not only escaped prosecution for their crimes, but were bailed out by the taxpayers they had pillaged and further enriched as captured politicians enabled them to get even bigger.

Millions were evicted from their homes and lost their jobs. Middle class families have seen their real income continue to stagnate, while bankers, corporate executives, and politicians have reaped billions in bonuses, stock gains, and payoffs, provided by central bankers in their back pocket.
“I can’t think of any reason why as a population we should be expected to stand by and see a gross reduction in the living standards of ourselves and our kids, possibly for generations, when the people who have got us into this have been rewarded for it – they’ve certainly not been punished in any way because they’re too big to fail. I think that the Occupy movement is, in one sense, the public saying that they should be the ones to decide who’s too big to fail. As an anarchist, I believe that power should be given to the people whose lives this is actually affecting.” – Alan Moore
For those of us who visited Zuccotti Park during the early stages of the Occupy Movement, you understood this was a true populist protest with Ron Paul libertarians alongside liberal college students, old time hippies, middle aged men and women put out of work by the massive Wall Street fraud, and a myriad of citizens supporting varied causes and exercising their First Amendment rights. They were primarily focused on the true enemy – sociopathic Wall Street bankers and corrupt captured politicians. Sadly, the movement was co-opted in short order by Soros and his minions, just as the Tea Party had been co-opted by neo-cons earlier. Supposedly liberal mayors in NYC and across the country eventually unleashed their police state thugs on the protestors and wiped it out. Was this an example of chaos or conspiracy?
There isn’t an easy answer to this question. I have to lean towards Alan Moore’s view of the world. There are certainly conspiratorial schemes plotted by powerful men in smoke filled rooms, but there are other gangs of men conspiring to push their competing agendas. Conspiracy theorists who think there is one massive conspiracy controlling every aspect of the world have an extremely tough case to make. People who believe everything is part of a grand conspiracy are seeking an easy solution to our problems, rather than dealing with the complexity and chaos which is the true nature of our world. V’s speech to London after blowing up the Old Bailey explains who is really to blame for allowing Deep State actors to gain control of our government, creating an Orwellian surveillance state.
Good evening, London. Allow me first to apologize for this interruption. I do, like many of you, appreciate the comforts of the everyday routine, the security of the familiar, the tranquility of repetition. I enjoy them as much as any bloke. But in the spirit of commemoration – whereby those important events of the past, usually associated with someone’s death or the end of some awful bloody struggle, are celebrated with a nice holiday – I thought we could mark this November the fifth, a day that is sadly no longer remembered, by taking some time out of our daily lives to sit down and have a little chat.
There are, of course, those who do not want us to speak. I suspect even now orders are being shouted into telephones and men with guns will soon be on their way. Why? Because while the truncheon may be used in lieu of conversation, words will always retain their power. Words offer the means to meaning and for those who will listen, the enunciation of truth. And the truth is, there is something terribly wrong with this country, isn’t there?
Cruelty and injustice…intolerance and oppression. And where once you had the freedom to object, to think and speak as you saw fit, you now have censors and systems of surveillance, coercing your conformity and soliciting your submission. How did this happen? Who’s to blame? Well certainly there are those who are more responsible than others, and they will be held accountable. But again, truth be told…if you’re looking for the guilty, you need only look into a mirror.
I know why you did it. I know you were afraid. Who wouldn’t be? War. Terror. Disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense. Fear got the best of you and in your panic, you turned to the now High Chancellor Adam Sutler. He promised you order. He promised you peace. And all he demanded in return was your silent, obedient consent.
Last night, I sought to end that silence. Last night, I destroyed the Old Bailey to remind this country of what it has forgotten. More than four hundred years ago, a great citizen wished to embed the fifth of November forever in our memory. His hope was to remind the world that fairness, justice and freedom are more than words – they are perspectives. So if you’ve seen nothing, if the crimes of this government remain unknown to you, then I would suggest that you allow the fifth of November to pass unmarked. But if you see what I see, if you feel as I feel, and if you would seek as I seek…then I ask you to stand beside me, one year from tonight, outside the gates of Parliament. And together, we shall give them a fifth of November that shall never, ever, be forgot!
We have no one to blame but ourselves for our current state of affairs. Blaming it on some shadowy group makes us feel somehow comforted. If an all-powerful entity is controlling the world, then we can easily convince ourselves anything we do to try and change the course of history would be fruitless. Therefore, we just bitch on internet forums. The truth is fear rules the actions of the majority.
Those who constitute the Deep State are not conspiring directly by working together to rule the world and control the people. What they are doing is taking advantage of a dumbed down fearful populace by using the chaos, incompetence of institutions, and confusion spread by the propaganda press to institute their agendas. The Deep State consists of shadowy billionaires, mega-corporations, the military industrial complex, surveillance state agencies, crooked bought off politicians and their mass media mouthpieces.
Those with the financial means and access to the power of the media have embraced the Edward Bernays worldview that an invisible government of the rich and powerful is necessary to manipulate the opinions of the masses through propaganda in order for society to function smoothly. Is this truly a conspiracy or just competing gangs of rich and connected men utilizing their wealth to mold the minds of the masses in a way that continues to benefit and enrich them?
These Deep State players don’t meet every other Saturday to conspire and plot ways to pillage and enslave the masses. But they do know each other and silently agree to never rock the boat, whether they are Democrats, Republicans, liberals, conservatives, socialists, corporate executives, academics, or journalists. Money, control and power are at stake.
Those currently pulling the wires behind the scenes are conspiratorial in nature. It has become crystal clear since the election of Trump the farce of competing political parties is just a smoke screen used by the Deep State players to maintain their control. Trump’s shocking upset and seeming disregard for bowing down to the status quo has forced politicians of all persuasions to reveal their true masters. Both parties favor bloated government control of healthcare, with a medical industrial complex controlling the show, writing the rules, reaping riches, and buying off politicians. “Free” healthcare buys votes.
The flogging of the false Russian narrative by the corporate media has been used by neo-cons and ultra-libs to force Trump into the military interventionist camp – guaranteeing increased wealth for the military industrial complex. Neither party has any interest in cutting spending. The debt ceiling will be raised. The $4 trillion in annual spending will ratchet ever higher. Both sides are perfectly fine with $1 trillion deficits and $200 trillion of unfunded liabilities, as long as their gravy train keeps being fueled by the Deep State. They will spend your money until it all collapses under the mountains of debt.
Donald Jeffries explains why it is vital to the vested interests they scorn and ridicule anyone who uses factual data to prove conspiratorial intent by the government or its cancerous corporate outgrowths.
“I can remember when believing in conspiracies wasn’t cool. Now, in the second decade of the twenty-first century, more people are starting to sense that things may not be as they appear to be. The truth in Lord Acton’s classic axiom that “Power corrupts, and absolute power corrupts absolutely” becomes more self-evident every day. Politicians from the only two parties we have to choose from break promises, are unresponsive to the will of the people, and opt for war, austerity measures, and state control over and over again. Gary Allen, author of the book None Dare Call It Conspiracy, defined things perfectly when he wrote, “It must be remembered that the first job of any conspiracy, whether it be in politics, crime or within a business office, is to convince everyone else that no conspiracy exists.” – Donald Jeffries – Hidden History: An Exposé of Modern Crimes, Conspiracies, and Cover-Ups in American Politics
It ultimately comes down to power and control over the key mechanisms of finance, taxation, legislation and the media. There isn’t one specific group of conspirators working together to rule the world. Is George Soros attempting to influence and control what happens in the U.S. and Europe to benefit his interests? Yes. Are the Koch brothers attempting to do the same with a different end goal? Yes. Are Pelosi and Schumer conspiring to push their left wing agenda? Yes. Are McConnell and Ryan conspiring to implement their establishment vision? Yes.
They have competing agendas, but they want the status quo to remain intact. No one within the establishment wants to change anything of substance. The current system benefits their personal interests, while destroying the lives of hard working American citizens. The country is currently run by same party with slightly different rhetoric and policies put forth by the Republican side and Democrat side. Promises are made to voters and then reneged on in short order. Therefore, no significant change ever occurs. Meanwhile, the anger and frustration build among the deplorables.
What Trump has realized quickly is how powerful the vested interests are and how ruthless they will act to retain their power. During the campaign Trump ran on a non-interventionist platform, looking to repair our relationship with Russia, scorning NATO, and lessening our involvement in the Middle East. He know rattles his saber on a daily basis, threatening war with North Korea, Venezuela, Iran, Syria and anyone else who doesn’t toe the American Empire line.
He provokes Russia and China on a regular basis. He has sent more troops to Iraq, Afghanistan, and Syria, while expanding spending on the military. Neo-cons and neo-libs don’t think Trump is being aggressive enough in policing the world. They won’t be happy until middle class boys across the land are sacrificed as cannon fodder for our welfare warfare surveillance state.
Trump bloviated about the stock market being in a bubble during the campaign when it was trading at 18,000. He now pronounces the record highs of 22,000 as proof of his brilliant economic leadership. Meanwhile, the economy has grown at less than 2% during his first six months, retailers are going bankrupt and closing stores at a record pace, consumer spending and real wages are barely growing, and consumer debt has reached all-time highs. Best time to buy, according to the Prez.
A critical thinking individual might wonder how a market could be in a bubble at 18,000 but not be in a bubble at 22,000 ten months later. During the campaign Trump accused Obama and his BLS minions of manipulating the data to make horrible jobs numbers appear strong. Now he bellows about the strong jobs market as if we’re now supposed to believe the hysterically absurd 4.3% reported rate when 101 million out of 255 million working age Americans aren’t working. And a vast majority of the jobs are either part-time and/or low paying service jobs with shitty pay and benefits.
Trump is playing the status quo Deep State game in an attempt to fend off a coup currently in progress by lying to the masses. Jobs are plentiful, consumers are confident, the economy is booming, the stock market is always right. Ignore those vacant crumbling malls, your declining disposable income as health care cost increases outpace your salary increases by a factor of five, and your ever increasing credit card balance.
Trump wouldn’t be using the tried and true method of distracting from domestic failure by starting a foreign conflict because he understands how easily manipulated the ignorant American masses can be moved by fear? Rather than draining the swamp, Trump has been forced to swim with the gators. And his own people hired a Deep State alligator hunter named Mueller who will stop at nothing to mount Trump as a trophy or force him to depart the DC swamp for the friendly environs of Manhattan Island.
Trump belittled the troll-like Yellen during the campaign, declaring her low interest policy was geared to help Obama/Clinton. He talked tough about replacing Yellen and increasing rates. He evidently got the talk from the banker cabal and he suddenly loves low interest rates and believes Yellen is doing a bang up job. He has filled his cabinet with vampire squid and other Wall Street scum. He is as beholden to the Fed and their Wall Street puppeteers as his predecessors. Wall Street remains in control, while Main Street will continue to get screwed. It’s not a conspiracy. It’s about powerful special interests capturing the levers of government.
Our government doesn’t in any way resemble its original concept of a republic. It doesn’t even resemble a democracy at this point. Since FDR and specifically since LBJ, we’ve become a welfare/warfare state. Since Bush II we’ve devolved into a corporate fascist surveillance socialist state. Despite rhetoric about free market capitalism, both parties have embraced socialism. The super-rich, bankers, corporate executives, liberals and conservatives came to the realization socialism disguised as capitalism fills their coffers at a much higher rate than true free market capitalism.
They have bought off the poor with unfunded welfare benefits, the old and poor with unfunded “free” healthcare, government union workers with unfunded pension benefits and all with unfunded social security payments. Trillion dollar annual deficits and $200 trillion in unfunded welfare promises, enabled by Federal Reserve easy money policies, does wonders for the bank accounts of Deep State players and their acolytes. Spending money you don’t have is the ultimate confidence game, but the payback will be a bitch.
“Why are the super-rich for socialism? Don’t they have the most to lose? I take a look at my bank account and compare it with Nelson Rockefeller’s and it seems funny that I’m against socialism and he’s out promoting it.” Or is it funny? In reality, there is a vast difference between what the promoters define as socialism and what it is in actual practice. The idea that socialism is a share-the-wealth program is strictly a confidence game to get the people to surrender their freedom to an all-powerful collectivist government. While the Insiders tell us we are building a paradise on earth, we are actually constructing a jail for ourselves.” – Gary Allen, None Dare Call It Conspiracy
The Deep State thrives on chaos, confusion, and complexity. Our financial system, healthcare system, entitlement systems, military, and government agencies are too big and complex to fix. Those pulling the strings don’t want the public to understand how anything operates. Supposed “experts” are put forth on the corporate propaganda networks to further confuse the masses. The purpose of government run public education is to matriculate non-thinking socially engineered consumers into the world.
The vast majority of iGadget distracted, math challenged, functionally illiterate morons will believe anything the propaganda media peddles because they are incapable of critical thinking. They have an infinite capacity for rationalizing how spending money they don’t have on things they don’t need is actually making their lives better. This same mindset keeps them from questioning how their government can run up a $20 trillion national debt (with $15 trillion added since 2000), with no adverse consequences. These debts are the ultimate threat to our survival as a nation.
Based on everything that has happened in the last twelve months, to believe this is part of some well-planned conspiracy is a reach of epic proportions. The Deep State/status quo were sure their hand-picked candidate Hillary Clinton was a shoe in. Since November the country has been roiled in election result challenges, chaotic antifa violence, fake news stories, silent coups, thousands of tweets, congressional investigations, assassination attempts on congressmen, special prosecutors, increasing odds of civil and foreign wars, and deteriorating economic conditions for the majority. Just when you thought the chaos couldn’t get more pronounced, we experienced a week of sheer turmoil and tumult. Even the stock market stopped rising for a day or two.
I’ve been observing the goings on this week with a jaundiced eye. As the rhetoric between President Cheeto and Kim Jung Nutjob has ramped up to nuclear proportions I’ve been reminded of the rhetoric and fake news leading up to the invasion of Iraq. Suddenly, confidential reports are released saying the midget dictator has miniaturized a nuclear warhead to go on top of his ICBMs that now supposedly can kill everyone in the U.S. The exaggeration of this country’s nuclear capabilities is on par with Hussein’s WMD and killing of babies in Kuwaiti hospitals.
The neo-cons smell blood and more money for their beloved arms peddlers. The propagandists have two thirds of Americans fearful of this rotund midget with an IQ of 85. Trump then set in motion his backup plan – attack Venezuela, which poses absolutely zero risk to America or our interests. But it does have the largest oil reserves on earth.
Now this weekend’s escapades in Charlottesville have worked the propaganda media into a tizzy. It’s these types of stories that reveal all the corporate media to be peddling the same narrative. Fox News was peddling the same white hate narrative as CNN and MSNBC. Because protestors with proper permits included some white supremacists, nazi sympathizers, and KKK members, all participants were branded as racists. Their right to protest regarding the removal of a Robert E. Lee statue was guaranteed by the First Amendment.
It was the violent Soros funded antifa SJWs who were bussed in to create a violent confrontation, while government officials told police to stand down and let the clashes happen. The Deep State is desirous of a race war and their media mouthpieces are busy spreading misinformation and falsehoods to further rile up the masses. Their job is to portray all flyover country whites who elected Trump as rednecks, racists and white supremacists. And at least half the country believes this fake news.
“The militia experts accuse anti-government agitants of paranoia, yet they spin around and claim that militias speak in coded phrases, have underground bunkers, and are secretly conspiring to take over the world and enslave minorities. They say it`s lunacy that men at the pentagon can conspire, yet they`re certain that farmers out on the plain are plotting as we speak. They depict the United Nations as weak and ineffectual, yet they portray raggedy-ass backwoodsmen as the world`s biggest organized military threat.” – Jim Goad, The Redneck Manifesto: How Hillbillies, Hicks, and White Trash Became America’s Scapegoats
I don’t believe what is happening in this country and around the world is some vast conspiracy. But I do believe the Deep State thrives on chaos and fear. They used 9/11 to pass the Patriot Act, creating an Orwellian surveillance state. They used the Wall Street created 2008 global financial implosion to rig the financial systems in their favor, while issuing mind boggling levels of government debt and artificially suppressing interest rates to create the largest financial bubble in world history.
I do believe we are in the midst of a Fourth Turning where the mood of the masses has turned unequivocally dark. As we approach the ninth year of this Crisis period, the intensification and potential for enormous levels of domestic and foreign bloodshed ramps up by the day. With a decade or so remaining in this period of turmoil, chaos and war, the existing social order will be swept away and replaced by something new. But not necessarily better.
Whatever Deep State conspiracies are being plotted by various gangs seeking power during this Fourth Turning, they will all rot from within. Human nature never changes. Hubris and greed will lead to miscalculations and missteps which will result in another financial crash, civil chaos, and world war. Blood will be spilled in vast quantities if the wrong people make the wrong decisions. Chaos will rein for the next decade and the outcome is very much in doubt. Get prepared mentally and physically for the trials ahead.

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning

I have no doubt that when I look at banking actions over the past three years, they are clearly posturing to take every financial asset you own, but not everyone agrees as evidenced by this email.
Hodges just shut up!!!! You are an _____. The economy is just fine. If it was as bad as you say we would already be eating out of garbage cans. Shut your piehold and get a real job you ____ _____!
Is this emailer correct, or are the recent actions of the banks and the courts telling us something. It is my contention that we are not just going to have a series of false flag event in America. We are going to get his with everything the globalists have to throw at us because America must be taken down in order to usher in the New World World Order.

The 800 lb Gorilla In the Room

In the past, I have written about the credit swap derivatives exposure and the topic got very little traction. So long as people are driving to work and have some food on the table, and there is no looming crisis, most Americans will have a case of tunnel vision due to the fact that most of only live for Friday and cannot see into the future. Many of us in the independent media and even knowledgeable and respected economists such as John Williams and Joseph Meyer are all saying that we are on the verge of a complete economic collapse. And it will almost assuredly begin with a collapse of the banks. How do I know, read on, the banks, themselves, have already told you as much.

AS A NATION, WE OWE $2.5 QUADRILLION IN CREDIT SWAP DERIVATIVES DEBT WHEN THE ENTIRE GNP OF THE PLANET IS $70 TRILLION

Do you remember when Wells Fargo fired 5,300 employees for opening millions of fake accounts? As John Cruz, former Senior V.P. of HSBC Bank would point out, that in all of these cases there is money laundering from drug trafficking and illegal gun-running.
I have interviewed John Cruz on three occasions, former whistle blower from HSBC Bank where he was a Senior VP. Cruz pointed out the following:

The 2017 Economic Crisis Is Worse Than 2008

The very same banks that created the last economic crisis have now created a 278 TRILLION dollar derivatives nuclear time bomb that could tear down the American economy in single and unannounced moment.
Much of this article deals with the blatant corruption of Wells Fargo, however, they are just the tip of the icebeg.
Interestingly and tragically, Wells Fargo appears to be a sound manager of its debt compared to the other banks.
From the John Cruz interview as well as the Economic Collapse Blog:“JPMorgan Chase
Total Assets: $2,573,126,000,000 (about 2.6 trillion dollars)
Total Exposure To Derivatives: $63,600,246,000,000 (more than 63 trillion dollars)
Citibank
Total Assets: $1,842,530,000,000 (more than 1.8 trillion dollars)
Total Exposure To Derivatives: $59,951,603,000,000 (more than 59 trillion dollars)
Goldman Sachs
Total Assets: $856,301,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $57,312,558,000,000 (more than 57 trillion dollars)
Bank Of America
Total Assets: $2,106,796,000,000 (a little bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $54,224,084,000,000 (more than 54 trillion dollars)
Morgan Stanley
Total Assets: $801,382,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $38,546,879,000,000 (more than 38 trillion dollars)
Wells Fargo
Total Assets: $1,687,155,000,000 (about 1.7 trillion dollars)
Total Exposure To Derivatives: $5,302,422,000,000 (more than 5 trillion dollars)
Compared to the rest of them, Wells Fargo looks extremely prudent and rational.”

Confirming Data

Fifteen months ago, America did not want to listen. Can you hear me now?

Another Wells Fargo Scandal Designed to Rip Off Homeowners
Another day, another Wells Fargo scandal. Wells Fargo is a criminal enterprise that flaunts our financial laws out in the open. Now, they are, again, putting homeowners at risk.

The Courts Laid The Groundwork for Massive Bank Theft Three Years Ago

Do you remember MERS in which your bank, Wells Fargo being the most notorious, could produce a phony note on your home, sell it, and you would eventually lose your home because you did not pay the phony note. Well that problem was ended, right? Not exactly.

MERSCORP Holdings, Inc. is well known for being an organized criminal enterprise. Their assets should have been seized and its corporate officers along with the minion robo signers should all be in prison. However, Americans are increasingly living in a country with no rules for it was announced yesterday that the U.S. Court of Appeals for the Eighth Circuit affirmed the ruling by the District Court of Minnesota that there is no mandatory recording requirement under Minnesota law and this led to the the dismissal of the complaint by 87 Minnesota counties against MERS for failing to legally file titles upon resale or transfer.

On several occasions, I have interviewed Dave Krieger, the author of Clouded Titles. He asserts that MERS must present a chain of custody pertaining to the title of home which follows every sale your title. The popular phrase which surfaced five years ago “Show me the note” was reflective of the belief that before a bank, or a title company could legally repossess your home, the bank/title company must show a complete chain of custody of the note in a court of law. Krieger has provided “inservices” for various District Attorneys around the country on these points of law.

In the case of The County of Ramsey and the County of Hennepin, v. MERCORP Holdings, Inc., Mortgage Electronic Registration Systems., et al., the two counties, on behalf of eighty-seven Minnesota counties, filed a class-action suit alleging that the Lenders’ use of MERS System deprived the Counties of recording fees for mortgage assignments by allowing parties to bypass recordation with the Counties causing the loss of statutory recording fees and creating gaps in chains of title. The counties assert that they are being denied revenue from the failure to file each and every home mortgage following a sale. More importantly, this practice leaves homeowners, who may be current on their mortgage payments or may have totally paid off their home mortgage, to being vulnerable to having their home seized because they might be paying the “wrong” mortgage company. In other words, America, when you write out your mortgage check, you cannot be sure that the company that you are writing the check to really holds the note to your home.

Ray Charles could see that this practice is wholly illegal and fraudulent. EVERY SINGLE HOMEOWNER IN AMERICA IS NOW VULNERABLE TO THIS HEINOUS PRACTICE!

The Eighth Circuit also declined to certify a question to the Minnesota Supreme Court as requested by the Counties of Minnesota. The Circuit Court erroneously ruled that, “ … because we believe Minnesota case law establishes that Minnesota law imposes no duty to record a mortgage or a mortgage assignment with the county recorder…”
This is where the ruling gets interesting and casts the court in the light of being a criminal accomplice after the fact. The Circuit Court amazingly cited a number of Minnesota Court cases interpreting the Recording Act that find that recording is permissive. (See e.g., Jackson v. MERS). The Court proclaimed that the district court held that the wording “shall be recorded” in the Recording Act does not require recordation of land transfers, but instead informs parties where they should record their instrument if they desire the benefits of recording the security instrument, namely providing notice of the lien and its priority. In other words, it is now legal to steal and to commit conspiracy in hiding the fact that the bank/title company is engaged in theft.
To add insult to injury, the Eighth Circuit held that a county did not and cannot state a claim for unjust enrichment or public nuisance against MERS “when there is no duty under state law to record mortgages or subsequent assignments.” In other words, it is legal for MERS and their related criminal enterprise organization are permitted to reap benefits from this criminal racketeering system.

Understandably MERS was thrilled with the ruling; “We did not believe the claims behind this case had merit,” said MERSCORP Holdings Vice President for Corporate Communications, Janis Smith. “The appellate court’s ruling, once again, confirms the legality of MERS and its business.” Legal to steal? Thank you Ms. Smith, you are setting a fine example for your friends and children with your twisted view of ethics, morality and justice.

The agents of Deep State know that the American patriot movement is coming for them with torches and pitchforks.
State of the Nation
The back story to what really occurred in Charlottesville come down to that slogan:

Unite the Right

It there is anything Deep State does not want to see, it’s a united right.
The NWO globalists will do anything in their power — and they have a LOT of it — to prevent a genuine unification of the many different groups on the right side of the political spectrum.
The oligarchy that administers the U.S. Corporation will absolutely not tolerate an authentic patriot movement on American soil.
The power elite who oversees the American political class see the Trump movement as the bane of their existence.
Simply put, the long-running conspiracy between the Washington establishment and wealthy elites to defraud the American people will not risk exposure by today’s fast-growing Truth movement.
On one level, this is why the false flag black op and psyop was carried out in Charlottesville, Virginia. The powers structure feels that it has no choice but to terminate the patriot movement by every means possible and any means necessary. Yes, TPTB are that desperate at his late date. And what follows is a video that illustrates that sheer desperation.
VIDEO: CNN’s Jake Tapper Must Be On The CIA’s Payroll To Destroy Trump http://stateofthenation2012.com/?p=80988
Charlottesville, Virginia — August 12, 2017
Reader, be aware that there are several distinctly different pieces to this fastidiously engineered event that occurred in Charlottesville, VA this past weekend. The key elements are as follows:• Black operation executed by the C.I.A.
• Psyop conducted by the FBI (via COINTELPRO).
• False flag operation implemented jointly by the CIA and FBI
• Highly coordinated fake news offensive by the MSM.
• Orchestrated political campaign carried out by the US Congress against Trump and the Trump movement.
• Charlottesville Police Department plot to stand down.
• Collusion between the Virginia state government and Charlottesville city government to push a patently false narrative
• Soros-paid agents provocateur from the ANTIFA movement stealthily inciting violence.
• White supremacist crisis actors contracted by The Company.
• There are many other critical elements which are beyond the scope of this exposé
Impossible to tease out all the facts
Even though it is virtually impossible to tease out all the facts surrounding this false flag COINTELPRO black operation, it has of all the classic signatures of one.
Obviously, all of the groups represented at the “Unite the Right” rally have been infiltrated by the government. They always are.
With this basic understanding, it’s easy to see how the pieces of the protest puzzle were surreptitiously put into place over the months leading up to the staged riots.
The circumstantial evidence of a black op is so overwhelming that it is now clear that the entire event was quite purposefully sabotaged by all the usual suspects, especially those concerned agencies of the US government, Virginia state government and Charlottesville municipal government.
Democratic Governor Terry McAuliffe has been a HUGE Clinton cheerleader practically forever, so we know where his loyalties lie. His every action and utterance since the conflagration took place has only confirmed his integral part in this massive conspiracy to bring down the patriot movement.
Likewise, the Charlottesville mayor — Michael Signer — is a longtime Virginia Democratic activist and former candidate for lieutenant governor. He’s very deep in this whole conspiracy to taint the genuine protestors as ‘white nationalists’, and he even chided President Trump for “not naming them”.
Were real white nationalists and white supremacists present? Most certainly. Can they be an unruly bunch of knuckleheads? That’s, their MO at times. Did they go there to disrupt the protest? The paid COINTELPRO agents among them did, not the real nationalists. They wanted to unite with other likeminded activists in order to strengthen the national movement.
PATRIOTS SPEAK: In their own words about what really happened in Charlottesville
You can’t stop the real supremacists from showing up at a rally designed to “Unite the Right”. Nor does anyone really know the extent to which they have been co-opted by government agents. All it takes are a couple of super-aggressive agents provocateur to be the skunk at the picnic.
Charlottesville Police stood down
One thing is for sure: the police were given orders to stand down by someone (Police Chief Al Thomas maybe? Who gave him the orders?).
This single initiative was directed from the very top of the conspiracy to cause the riotous mayhem that predictably ensued.
Just like the violence that was engineered in San Jose, California by that duplicitous police chief during Trump’s campaign event, Charlottesville follows the same pattern. It works for them like a charm (police standing down) as far as triggering both spontaneous and/or manufactured violence.
This single misguided manipulation of law enforcement by the involved governments is the dead giveaway that this whole event was fabricated as a false flag operation. Of course, the white nationalists are blamed for everything these days. Even though most of these folks are really sincere patriots at heart.
Even White House Chief Strategist Steve Bannon has been brought into the fray. He is being falsely accused by the ultra-left mainstream media (MSM) as being the de facto leader of the white nationalist movement. He isn’t, but the MSM talking heads take every opportunity to drill this falsehood into every reader and viewer they can. So now the delusional liberal leaders want to know why he does nothing to stop a massive, grassroots-driven, organically grown patriot movement that he has absolutely no control of.
By the way, what power, pray tell, does Bannon have over the Charlottesville police that was deliberately directed not to do their job?
Conclusion
This staged event is only the most recent in a long string of protests/riots that represent the tactical operations of George Soros’s Purple Revolution. It has all the same hallmarks of his CIA-directed Kiev coup of 2014 as this video clearly explains: Charlottesville protests and Kiev riots have the same Soros fingerprint (Video)
If there is one goal that the U.S. Intelligence Community is determined to accomplish with these violent protests and destructive riots, it is to so malign the patriot movement that no one will want to associate with them. Even thought the Trump movement is made up of people from every background, the are fundamentally patriots. To destroy this movement is crucial to the maintaining the hidden power of Deep State.
The MSM has been working overtime to impress upon their audience that the violence in Charlottesville was the work of white nationalist. They have been presenting this extremely misleading falsehood since Trump was elected. The CIA-controlled MSM will continue to use this deceitful strategy unto Trump is removed form the White House.
Look to other future events to be staged in the same manner. Deep State will not pass up any opportunity to forever ruin the patriot movement. The globalist cabal knows that their NWO agenda cannot be implemented until the Trump movement is destroyed. Hence, to outlaw these nationalist groups and ban patriot protests is their immediate objective.
State of the Nation
August 14, 2017
Recommended Video
WERE THE VIRGINIA PROTESTS STAGED TO BRING IN MARTIAL LAW, BAN CONSERVATIVE GATHERINGS?
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Aggressive tactics by the government and corporate media have fostered white nationalism and have created an environment that could lead to civil war.

By Matt Agorist – August 14, 2017

The events that unfolded in Charlottesville, Virginia this Saturday were tragic, hateful, insidious and even deadly. Saturday will most assuredly go down in history as the day America’s festering hate came to a head and proved to the world that this country is being divided — to be conquered. In spite of watching someone’s hatred kill an innocent woman and injure more than a dozen, the violence and hostility marched on.
One would think that the death of an innocent would calm the waters and make people step back and re-examine their actions. However, one would be wrong. Americans are being polarized — deliberately — and we are now seeing the effects.
While there has certainly been a racism problem in this country for some time, the divide has begun to come to a head in the last decade.
Neo-Nazis and white supremacists were fading away. Their ranks were diminishing and their tactics and mission of supremacy based on skin color had become laughable. However, in the past few years, a new faction, ironically spearheaded by the left, began to act as a recruiting tool for white nationalism.
Anti-white rhetoric has fueled hatred and served as a catalyst in the growing movement of white nationalist socialists. By concentrating on skin color — instead of a person’s character — a massive “anti-white” movement was born, and thus the dying white supremacy movement was given new life.
Hate groups in the US grew from 784 in 2014 to 892 in 2015, a 14 percent increase, according to 2016 data by the Southern Poverty Law Center (SPLC).
As David Marcus points out, white people are being asked—or pushed—to take stock of their whiteness and identify with it more. This is a remarkably bad idea. The last thing our society needs is for white people to feel more tribal. The result of this tribalism will not be a catharsis of white identity, improving equality for non-whites. It will be resentment towards being the only tribe not given the special treatment bestowed by victimhood.
We are now seeing the inevitable result of such irresponsible practices of race shaming. As whites — who may have been on the verge of racism — sat back and watched the mainstream media chastise their skin color, they eventually reached a tipping point. Charlottesville was an example of what happens when this state-sponsored and media supported divide is pushed on the populace.
Once the radical left, who’ve been taught over the past several years to despise ‘whiteness’, saw the epitome of said ‘whiteness’ take over the ‘white’ house, the perfect storm was created.

The ranks of Antifa and similar groups — just like their counterparts in the white nationalists — also began to swell.
When white nationalists and Antifa or similar groups, meet face to face, violence is now inevitable.
These two factions have become a literal representation of the divide and conquer tactics employed through the left/right paradigm.
There is absolutely no denying that minorities are persecuted in this country at a far higher rate than their white counterparts. All the data and all the statistics do not lie — minorities are on the receiving end of police brutality and government oppression more often than white people. However, attacking the white skin color does absolutely nothing to solve this problem.
As Ron Paul pointed out in the 2012 presidential debate,
“True racism in this country is in the judicial system. The percentage of people who use drugs are about the same with blacks and whites. And yet the blacks are arrested way disproportionately. They’re prosecuted and imprisoned way disproportionately, they get the death penalty way disproportionately. How many times have you seen a white rich person get the electric chair or get, you know, execution? If we truly want to be concerned about racism, you ought to look at a few of those issues and look at the drug laws, which are being so unfairly enforced.”
The problem is not skin color, the problem is the state.
While there is no question that racism is alive and well in the United States today, attempting to solve the problem by creating a climate of ‘race shaming’ is like trying to put out a fire by throwing matches into it.
A racist idiot without a badge and uniform is simply a racist idiot, add the power of the state and that racist idiot lays waste to civil rights, initiates violence, and extorts the populace; and it’s called ‘justice.’
As Ron Paul pointed out in the 2012 presidential debate,
“True racism in this country is in the judicial system. The percentage of people who use drugs are about the same with blacks and whites. And yet the blacks are arrested way disproportionately. They’re prosecuted and imprisoned way disproportionately, they get the death penalty way disproportionately. How many times have you seen a white rich person get the electric chair or get, you know, execution? If we truly want to be concerned about racism, you ought to look at a few of those issues and look at the drug laws, which are being so unfairly enforced.”
The problem is not skin color, the problem is the state.
While there is no question that racism is alive and well in the United States today, attempting to solve the problem by creating a climate of ‘race shaming’ is like trying to put out a fire by throwing matches into it.
A racist idiot without a badge and uniform is simply a racist idiot, add the power of the state and that racist idiot lays waste to civil rights, initiates violence, and extorts the populace; and it’s called ‘justice.’
If we don’t wake up to this divide soon enough, however, these little battles in towns across the country will increase into a war. Even though extremists on both sides claim they are ready for this war, the fact of the matter is that it will be a nightmare.
Until we treat people as individuals and not representatives of their race, things will continue to decline. Until we stop putting faith in a system that needs us divided to maintain their control, things will get worse. Until we realize that there is no Us vs. Them, it is only Freedom vs. Tyranny, the decline will continue. Until we become the change we want to see in this world, expect no change at all.

We must stand together as one race—the human race—and strive for liberty, peace, and justice for all — for if we do not, then divided we will fall.
If I take my hand and slap you, you don’t even feel it. It might sting you because these digits are separated. But all I have to do to put you back in your place is bring those digits together.
-Malcom X

(Natural News) The entire Left-wing media has erupted today over the so-called “white nationalist” protest in Charlottesville where right-wing groups are protesting the systematic destruction of war monuments and white history in general. It’s worth noting that if the same event were flipped to Muslims, or African-Americans or women, it would be heralded by the Left-wing media as “courageous resistance” against tyranny and oppression. But because the attendees are mostly white conservatives, the event is portrayed as a neo-Nazi, almost “KKK” rally-ish in nature, which is of course a wild misrepresentation of what’s actually happening there. As usual, the Left totally freaks out over everything and sees pointy white hats everywhere they look.
The core assertion of the Left, by the way, is that white people have no right to history or culture. Thus, all monuments, flags and history of “white” America must be wiped clean in a kind of “cultural genocide” run by the intolerant Left. While the culture of African-Americans, Muslims and “progressives” must be celebrated and rewarded, all symbols of “white America” are to be demolished in a style that frankly looks a lot like communist China’s Cultural Revolution.
Meanwhile, radical left-wing groups are arming up all across America, with a group called “Redneck Revolt” (yes, they’re commie left-wingers) recruiting soldiers across 30 U.S. cities and posting documents to their website that teach leftists how to carry out acts of terrorism, torture and mass executions against their intended political enemies.
Another group called “Red Guards Austin” is a heavily armed, Left-wing terrorist group operating out of Austin, Texas. They wear red bandannas, carry “commie gun” AK-47s and call for an armed revolution against the government.

Robert Mueller is used to dirt. He was complicit in pushing the non-existent Iraq connection to 9-11, which was a lie concocted by Vice President Dick Cheney. (The power behind George W. Bush’s throne). It was a fabrication that led to the death of a half million people. He defended the Patriot Act, torture and unlimited surveillance of the American people. He didn’t question the phony, ‘official’ 9-11 narrative. Like his corrupt associate Comey, Mueller is a Deep State collaborator.

He’s also a bag man who easily bends to political pressure–another similarity he shares with Comey. That’s why he was chosen for his latest assignment: the framing of President Trump. The former FBI director under Bush and Obama probably knows the Russia ‘election hacking’ narrative is nothing but a wild goose chase, so now he wants to investigate Trump’s finances. Even CNN pointed out that this is wrong and beyond the scope. But Mueller isn’t reeling anything in on his fishing expedition so he wants to cast out farther and farther.

After losing the election in a spectacular manner, Hillary and Podesta invented the ‘Russia/Trump collusion’ fairy tale not only as an excuse, but also as a means to divert attention away from their very real criminal corruption. They love to blame their enemies for the evil that they themselves commit, which is an old Saul Alinksy trick. Using the Clinton Foundation as a money-laundering operation, Hillary accepted ‘pay for play’ cash from Russia as part of her Uranium One deal. While she was Secretary of State, her husband received $500,000 for a speech he delivered in Moscow. Putin was obviously buying influence from Hillary. Now that she’s not president and can’t easily cover up her traitorous misdeeds, she found it necessary to paint President Trump as the traitor.

Hillary is using Mueller as her personal bloodhound. He’s out sniffing on a trail with no scent, but he still hopes it will lead to President Trump regardless. A far less pristine trail leads to crooked Hillary as well as Obama, Debbie Wasserman Schultz, and many others. Despite the abundance of redolent clues they’ve left behind, Mueller has been assigned to sniff at President Trump. It’s a waste of time and taxpayer money.

It’s a charade designed to hide the criminal misdeeds of the Deep State itself.They may fabricate lies to remove President Trump, but in doing so they’ll also be flirting with civil war. Too many constitutional republic-loving Americans will not tolerate a coup by the swamp.

Published on Aug 7, 2017
The extreme polarization of the U.S. citizenry can only lead America to civil war as the delusional Left refuses to embrace reality. All that's necessary now is a catalyzing event, and the extreme, violent Left will unleash mass bombings, violence, arson and more.

Tracking geopolitical and fiscal developments over the past several years is a bit like watching a slow motion train wreck; you know exactly what the consequences of the events will be, you try to warn people as much as possible, but, ultimately, you cannot reverse the disaster. The disaster has for all intents and purposes already happened. What we are witnessing is the aftermath as a forgone conclusion.
This is why whenever someone asks me as an economic and political analyst “when the collapse is going to happen,” I have to shake my head in bewilderment. The “collapse” is here now. It is done. It is a historical fact. It’s just that not many people have the eyes to see it yet, primarily because they are hyper-focused on all the wrong things.
For many centuries now, elitists in power have understood the value of geopolitical distraction as a tool for controlling the masses. If you examine the underlying motivations behind the majority of wars between nations regardless of the era, you will in most cases discover that the power brokers on both sides tend to be rather friendly with each other. In fact, monarchies and oligarchies are historically notorious for fabricating diplomatic tensions and conflicts in order to force populations back under their control. That is to say, wars and other man-made conflicts give the citizenry something to react to, instead of hunting down the establishment cabal like they should.
One of the greatest illusions of human progress is the notion that most conflicts happen at random; that there are two sides and that those sides are fighting over ideological differences. In truth, most conflicts have nothing to do with ideological differences between governments and financial oligarchs. The REAL target of these conflicts is the people — or, to be more precise, the psychology of the people. Conflicts are often engineered in order to affect a particular change within the minds of the masses or to distract them from other dangers or solutions.
These scenarios are taken at face value by many because, unfortunately, most people have short attention spans. If an observer in 2007 was to be transported 10 years into the future, in 2017 they would find a world in dramatic and horrifying decline. The shock would be overwhelming. Ask an observer today what they think of the state of the world and they might not see much to be concerned about. The human mind becomes easily acclimated to crisis over time. We are resilient in this way, but also weak, because we forget the way things should be in order to deal with the way things are.
We only seem to take drastic actions to improve our situation after we have already hit rock bottom. The year of 2017 has so far been host to some extreme accelerations in crisis and collapse, and rock bottom is not looking too far away anymore.
Four trigger points around the globe concern me greatly, not because I think they will necessarily lead to a disaster any greater than the one we are already living in, but because they have the potential to effectively distract the public from more serious concerns. I am of course talking about the powder keg issues of Syria, North Korea, China vs. India, as well as Russia.
First, let’s be clear, the ongoing destabilization of our economy should be the primary concern of every person on the planet, most particularly those in the West. We are living within the husk of a dead fiscal system, reanimated with the voodoo of central bank stimulus, but only for a limited time. Economic decline is the greatest threat to cultural longevity as well as to human freedom. Even nuclear war could not hold a candle to the terror of financial disaster, because at least in a nuclear war the slate is wiped clean for establishment elites as well as the normal population. At least, in the event of nuclear war, the elites face anarchy just like we do.
In an economic crisis, the establishment maintains a certain level of control and thus its arsenal of toys – Including biometric surveillance grids, standing military support in the form of martial law, as well as the delusion among the populace that things “might go back to the way they were before” given enough time and patience.
There will be no nuclear war. Perhaps a limited nuclear event, but not a global exchange. There will be no moment of apocalypse as it is commonly displayed in Hollywood films. However, we WILL witness lesser conflicts as a means to turn our gaze away from the economy itself.

Dr. Paul Craig Roberts agrees that Democrats, RINO Republicans, military complex and the Deep State want Donald Trump removed from the White House at any and all costs. Dr. Roberts explains, “That’s correct and, again, it’s several different interests. The Democrats want him out because they want to be vindicated that he stole the election from them through some form of collusion with the Russians. The military security complex want him out because they see him as a threat to their budget. Trump normalizing relations with Russia—they don’t want that. They need an enemy. The talk of pulling out of Syria also annoyed them. They don’t want to give up these wars that keep people worried and willing to support the military. . . . The media is mad because Trump disproved all the smart people’s predictions of Hillary being a shoe-in. Plus, Trump is elected by Americans considered to be deplorable. The deplorables are white heterosexual males. They are racist. They are sexist. They are homophobes. They are gun nuts, and these are illegitimate people. These illegitimate people elected Trump when all of the good people wanted to elect Hillary. So, you have that kind of left wing crazed ideological element, as well. So, all of these things conspire against Donald Trump. What is going on is essentially what Attorney General Robert Jackson warned all U.S. Attorneys about in 1940. He said it is impermissible to pick a person and then go look for some crime he may have committed. . . . And, yet, that’s what the Special Prosecutor is doing in the case of Trump. We have no evidence of any crime. Even if there was some kind of Russian collusion, it’s not illegal. It’s normal for incoming governments to have open discussions with foreign governments. It happens in every administration. It’s part of the transition team. . . In the case of Trump, there is no crime, but now there is a wide ranging investigation that has gone far beyond any sort of Russian contacts.”
Who is conspiring to push Trump out? Dr. Roberts says, “I do know about campaign contributions, and they do come from the military security complex, and they come from energy companies. These are two massive campaign contributors. So, that’s why the Russian sanctions bill passed. Of the 535 members of the House and Senate, 530 voted for the sanctions. . . . It’s not the people who put Senators and Congressmen in office, it’s the interest groups that finance their election campaigns. So, the members of the House and Senate are not responsible to their constituents or voters. They are responsible to their constituency of their campaign contributors. In this case, the Congress is perfectly loyal to the energy companies and to the military security complex, and they never are loyal to ‘We the People.’”

Dr. Roberts thinks sanctions and provocations with Russia and China are “acts of war” by the U.S. Roberts contends the U.S. does not want war. If there is war, Dr. Roberts says it will have nothing to do with a failing economy. Roberts contends, “The notion that the government is somehow worried about the economy and, therefore, we will go to war, that’s not likely. In fact, I think the military security complex doesn’t really want a war. They want an enemy like they had with the Soviet Union for all those decades of the ‘Cold War.’ They want a renewed Cold War. They want an ever present threat because that keeps the budget funded. It keeps it growing, and it keeps their power in place. So, this is what they want, but these things can backfire. These are the kinds of things that will produce a war. It won’t be some conscious decision. . . . If you are talking war with Russia, nothing will be left standing.”
On the economy, Dr. Roberts, who was an Assistant Treasury Secretary in the Reagan Administration and holds a PhD in economics, says, “There is no economy there. The markets are rigged. The Fed has a huge trading desk, and they can trade anything.”
Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary Dr. Paul Craig Roberts.

Central Banks ARE The Crisis by Raúl Ilargi Meijer – The Automatic Earth

If there’s one myth -and there are many- that we should invalidate in the cross-over world of politics and economics, it‘s that central banks have saved us from a financial crisis. It’s a carefully construed myth, but it’s as false as can be. Our central banks have caused our financial crises, not saved us from them.
It really should -but doesn’t- make us cringe uncontrollably to see Bank of England governor-for-hire Mark Carney announce -straightfaced- that:“A decade after the start of the global financial crisis, G20 reforms are building a safer, simpler and fairer financial system. “We have fixed the issues that caused the last crisis. They were fundamental and deep-seated, which is why it was such a major job.”
Or, for that matter, to see Fed chief Janet Yellen declare that there won’t be another financial crisis in her lifetime, while she’s busy-bee busy building that next crisis as we speak. These people are now saying increasingly crazy things, and that should make us pause.
Central banks don’t serve people, or even societies, as that same myth claims. They serve banks. Even if central bankers themselves believe that this is one and the same thing, that doesn’t make it true. And if they don’t understand this, they should never be let anywhere near the positions they hold.
You can pin the moment central banks went awry at any point in time you like. The Bank of England’s foundation in 1694, the Federal Reserve’s in 1913, the ECB much more recently. What’s crucial in the timing is where and when the best interests of the banks split off from those of their societies. Because that is when central banks will stop serving those societies. We are at such a -turning?!- point right now. And it’s been coming for some time, ‘slowly’ working its way towards an inevitable abyss.
Over the past few years the Automatic Earth has argues repeatedly, along several different avenues, that American society was at its richest between the late 1960s and early 1980s. Yet another illustration of this came only yesterday in a Lance Roberts graph:

Anyone see a recovery in there? Lance uses 1981 as a ‘cut-off’ date, but the GDP growth rate as represented by the dotted line doesn’t really begin to go ‘bad’ until 1986 or so. At the tail end of the late 1960s to early 1980s period, as the American economy was inexorably getting poorer, Alan Greenspan took over as Federal Reserve governor in 1987. A narrative was carefully crafted by and for the media with Greenspan as an ‘oracle’ or even a ‘rock star’, but in reality he has been instrumental in saddling the economy with what will turn out to be insurmountable problems.
Greenspan was a major driving force behind the repeal of Glass-Steagall, which was finally established through the Gramm-Leach-Bliley act of 1999. This was an open political act by the Federal Reserve governor, something that everyone should have then protested, and still should now, but didn’t and doesn’t. Central bankers should be kept far removed from politics, anywhere and everywhere, because they represent a small segment of society, banks, not society as a whole.
Because of the ‘oracle’ narrative, Greenspan was instead praised for saving the world. But all that Greenspan and his accomplices, Robert Rubin and Larry Summers, actually did in getting rid of the 1933 Glass-Steagall act separation between investment- and consumer banking was to open the floodgates of debt, and even more importantly, leveraged debt. All part of the ‘financial innovations’ Greenspan famously lauded for saving and growing economies. It was all just more debt on top of more debt.

Greenspan et al ‘simply’ did what central bankers do: they represent the best interests of banks. And the world’s central bankers have never looked back. That most people still find it hard to believe that America -and the west- has been getting poorer for the past 30-40 years, goes to show how effective the narratives have been. The world looks richer instead of poorer, after all. That this is exclusively because of rising debt numbers wherever you look is not part of the narratives. Indeed, ruling economic models and theories ignore the role played by both banks and credit in an economy, almost entirely.
Alan Greenspan left as Fed head in 2006, after having wreaked his havoc on America for almost two decades, right before the financial crisis that took off in 2007-2008 became apparent to the world at large. The crisis was largely his doing, but he has escaped just about all the blame for it. Good PR.
With Ben Bernanke, an alleged academic genius on the Great Depression, as Greenspan’s replacement, the Fed just kept going and turned it up a notch. It was no longer possible in the financial world to pretend that banks and people had the same interests, so the former were bailed out at the expense of the latter. The illusionary narrative for the public, however, remained intact. What do people know about finance, anyway? Just make sure the S&P goes up. Easy as pie.
The narrative has switched to Bernanke, and Yellen after him, as well as Mario Draghi at the ECB and Haruhiko Kuroda at the Bank of Japan, saving the world from doom. But once again, they are the ones who are creating the crisis, not the ones saving us from it. They are saving the banks, and saddling the people with the costs.
In the past decade, these central bankers have purchased $20-$50 trillion in bonds, securities and stocks. The only intention, and indeed the only result, is to keep banks from falling over, increase their profits, and maintain the illusion that economies are recovering and growing.
They can only achieve this by creating bubbles wherever they can. Apart from the QE programs under which they bought all those ‘assets’, they used -and still do- another tool: lowering interest rates to the point where borrowing money becomes so cheap everyone can do it, and then do it some more. It has worked miracles in blowing stock market valuations out of all realistic proportions, and in doing the same for housing markets in locations all over the globe.
The role of China’s central bank in this is interesting too, but it is such an open and obvious political tool that it really deserves its own discussion and narrative. Basically, Beijing did what it saw Washington do and thought: why hold back?

Fast forward to today and we see that we’ve landed in a whole new, and next, phase of the story. The world’s central banks are all stuck in their own – self-created – bubbles and narratives. They all talk about how they solved all the issues, and how they will now return to normal, but the sad truth is they can’t and they know it.
The Fed stopped purchasing assets through its QE program a while back, but it could only do that because Frankfurt and Japan took over. And now they, too, talk about quitting QE. Slowly, yada yada, because of control, yada yada, but they know they must. They also know they can’t. Because the entire recovery narrative is a mirage, a fata morgana, a sleight of hand.
And that means we have arrived at a point that is new and very dangerous for the entire global economy and all of its people.

That is, the world’s central bankers now have an incentive to create the next crisis. This is because they know this crisis is inevitable, and they know their masters and protégés, the banks, risk suffering immensely or even going under. ‘Tapering’, or whatever you might call the -slow- end to QE and the -slow- hiking of interest rates, will prick and blow up bubbles one by one, and often in violent fashion.
When housing bubbles burst, economies lose the primary ingredient for maintaining -let alone increasing- their money supply: banks creating money out of thin hot air. Since the money supply is one of the key components of inflation, along with velocity of money, there will be fantastic outbursts of debt deflation. You’ve never seen -let alone imagined- anything like it.
The worst part of it is not government debt, though that, when financed with bond sales, is not not an instrument to infinity and beyond either. But the big hit to economies will be private debt. Where in many bubble areas, and they’re too numerous too mention, eager potential buyers today fret over affordable housing supply, it’ll all turn on a dime and owners won’t be able to sell without being suffocated by crippling losses.
Pension funds, which have already suffered perhaps more than any other parties because of low interest ZIRP and NIRP policies, have switched en masse to riskier assets like stocks. Well, another whammy, and a bigger one, is waiting just outside the door. Pensions will be so last century.

That another crisis is waiting to happen, and that politics and media have made sure that just about no-one at all is aware of it, is one thing. We already knew this, a few of us. That the world’s main central bankers have an active incentive to bring about the crisis, if only by sitting on their hands long enough, is new. But they do.
Yellen, Draghi and Kuroda may opt to leave before pulling the trigger, or be fired soon enough. But whoever is in the governor seats will realize that unleashing a crisis sooner rather than later is the only option left not to be blamed for it. Let the house of dominoes crumble now, and they can say “nobody could have seen this coming”, while at the same time saving what they can for the banks and bankers they serve. That option will not be on the table for much longer.
We should have never given them, let alone their member/master banks, the power to conjure up trillions out of nothing, and use that power as a political tool. But it is too late now.